Gst Authority News Today

AAR Ruling: GST Authority ruled dealers can claim input tax credit on demo cars. Landmark Cars East Pvt Ltd sought ruling on taxation aspects, specified time period for inward supply to potential Mercedes Benz car buyers.

Aurobindo Pharma Ltd confronts Rs 13 crore tax demand, ordered by Deputy Commissioner (ST) STU-1. The demand includes ITC reversal, GST payment with interest, and penalty. The company plans appeal with no financial impact reported.

Patanjali Foods faces a show cause notice from GST Intelligence in Chandigarh for a Rs 27.5 crore tax claim, involving input tax, penalties under CGST and Uttarakhand SGST Acts, recovery issues, interest implications, and the need to defend its case with uncertain financial outcomes.

Patanjali Foods faces a show cause notice from GST Intelligence in Chandigarh for a Rs 27.5 crore tax claim, involving input tax, penalties under CGST and Uttarakhand SGST Acts, recovery issues, interest implications, and the need to defend its case with uncertain financial outcomes.

Life Insurance Corporation on Wednesday said the GST Authority has imposed a fine of Rs 36,844 on LIC for lower payment of taxes. The corporation has received a communication/demand order for collection of GST, along with interest and penalty for Jammu & Kashmir state, LIC said in a regulatory filing.

India Business News: NEW DELHI: Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, has received show cause notices amounting to nearly Rs 923 cro.

Maruti Suzuki: The automaker also said that the notice does not have an impact on financial, operation or other activities of the company.

Maruti Suzuki India has received a show cause notice from the GST authority for the period between July 2017 and August 2022. The notice demands interest, penalties, and the appropriation of Rs 139 crore in tax that has already been paid. The company plans to file a reply to the notice and has stated that it will not have any impact on its financial or operational activities.

Coming to the rescue of a tax payer, the Delhi High Court on Tuesday reprimanded the officials of the Commissioner of Goods and Services Tax, for unnecessarily delaying a case, terming their conduct as "highly improper.”